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Market Risk Management for Hedge Funds Foundations of the Style and Implicit Value-at-Risk Francois Due and Yann Schorderet WILEY A John Wiley & Sons, Ltd., Publication Contents Acknowledgements ...
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Dynamic economic models usually describe the path of economic variables as prices, consumption or capital at equilibrium. The most popular models assume that agents have perfect foresight. Implicitly this assumption requires that agents can compute the complete infinite path, an exercise that...
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